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Banking Services in Postal Department: Lok Sabha Q&A

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GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
LOK SABHA
UNSTARRED QUESTION NO 32
ANSWERED ON 07.07.2014
BANKING SERVICES IN POSTAL DEPARTMENT
32 . Shri HANSRAJ GANGARAM AHIR

Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state:-
(a) whether the Department of Posts has applied to Reserve Bank of India (RBI) for allowing them to provide banking services in the country;

(b) if so, the details thereof;

(c) whether the Department has set up adequate infrastructure for providing banking services while remaining engaged in postal services in the country;

(d) if so, whether Department of Posts has done any preparation for making the banking system successful; and
(e) if so, the details thereof and the steps taken by the Government in this regard?
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